Caspar Herzberg on how ‘radical collaboration’ can unlock trapped value

Could an ecosystem-led approach to disparate industrial information technology systems build more resilient and efficient global supply chains? Caspar Herzberg, CEO of industrial software company AVEVA, argues that breaking down data silos across companies and sectors could benefit all stakeholders through what he calls “radical collaboration.”

Herzberg details the increasing complexity of the industrial world, where thousands of systems across supply chains have locked-in value because they don’t communicate. He argues that to decomplexify and unlock this value, industries need radical collaboration—overcoming the fear of sharing data to realize a significantly bigger collective prize.

Ultimately, Herzberg says that he is a pragmatist regarding AI’s societal impact, noting that the augmentation of the worker will be hugely productivity-enhancing. But he cautions that we must collectively establish boundaries on its use, as AI serves humankind.